Sonae Indústria entered into a new financing facility of up to Euro 60 million

Friday, Jun 05, 2015

Sonae Indústria has entered into a new financing facility of up to Euro 60 million, which has a contractual maturity in June 2016, as the company said in the press release received by Lesprom Network.

This new bank loan will be used as back-stop facility for placements of Commercial Paper under the existing uncommitted Commercial Paper Programme, set up by Sonae Indústria in 2013.

Accordingly, amounts that cannot be placed directly with institutional investors under the existing commercial paper programme can be drawn from this new bank facility, up to the maximum amount indicated above.

Sonae Indústria is one of the largest wood-based panel producers in the world.

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